Bitcoin

Chainlink

Coin

MN Coin

The king cryptocurrency reached up to $42,800 during the preparation of the 2023 summit, and more may come in the coming hours. As we mentioned, the markets would have a suitable environment for an upward trend until the data to be released on Friday. Indeed, this happened, but no one expected such a strong recovery.
<h2 style="text-align: justify" id="2024-altcoin-predictions">2024 Altcoin Predictions</h2>
The excitement in the cryptocurrency markets is expected to increase exponentially next year. The main reason for the increased demand in December was the approaching of the next year. The <a href="https://coin-turk.com/bu-kripto-paraya-dikkat-analistler-buyuk-artis-bekliyor" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink</a> (<a href="https://coin-turk.com/chainlink-link-rallisi-bitti-mi-guncel-link-coin-yorumlari" data-wpel-link="internal" rel="noopener noreferrer nofollow">LINK</a>) community, one of the biggest players in the RWA field, is also counting down to the 2024 bull season with the same excitement.
Moreover, the addition of new partnerships like Swift and the advancement of existing partnerships also attract <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a>. This leads to an increase in activity on the network. There has been a significant increase in new addresses on the <a href="https://en.coin-turk.com/the-chainlink-surge-how-wallet-accumulation-triggered-a-rally/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink</a> network since the beginning of September. The new addresses, which climbed from 467 to 3,044, represent a 650% increase in three months. Such a significant increase in user adoption indicates potential price increases over time.
<img decoding="async" class="size-full wp-image-285005 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/LINK-Coin-Yeni-Adres-Grafik.webp" alt="" width="850" height="478">
Similarly, the interest of whales is increasing. Large investors made $143 million worth of purchases in a short period of time. Moreover, the expectation that the stake pool will be further expanded also supports the optimism for 2024.
<h2 style="text-align: justify" id="link-coin-price">LINK Coin Price</h2>
IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model is crucial for cost-based analysis. A strong selling wall is attracting attention around the $15.8 and $16.3 price levels depending on investor positions. It is important for the <a href="https://en.coin-turk.com/analysts-detailed-analysis-of-chainlink-link-is-it-time-for-link/" data-wpel-link="internal" rel="noopener noreferrer nofollow">LINK</a> Coin price to surpass this threshold for a stable and impressive rally. A daily close above the ceiling price will also open the door to targets above $20.
In the event of a possible pullback, investors clustered between $14.4 and $14.9 may hold the price. However, if these levels are lost, a decline to $13.2 and $12 is likely. At the time of writing, the price was at $15.48 as BTC raced to new highs.
<img decoding="async" class="size-full wp-image-285007 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/LINK-Coin-Destek-ve-Direnc.webp" alt="" width="850" height="310">
The cumulative value of cryptocurrencies has exceeded $1.55 trillion, and the daily trading volume is at $64 billion. <a href="https://coin-turk.com/piyasaya-guncel-bakis-kripto-para-birimleri-haftasonuna-kritik-fiyat-seviyeleri-ile-basladi" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> is currently at $42,700. Experts have been talking about how a close above $42,500 for months could lead to a test of $48,000.
<div class="sorumluluk_reddi" style="text-align: justify">Disclaimer: The information in this article does not provide investment advice. Investors should be aware that cryptocurrencies carry high volatility and risk and should conduct their own research for transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/2024-altcoin-predictions-chainlink-community-counts-down-to-bull-season/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/2024-altcoin-predictions-chainlink-community-counts-down-to-bull-season/</a>

2024 Altcoin Predictions: Chainlink Community Counts Down to Bull Season

Table of Contents

COINTURK NEWS

Other articles published on Dec 5, 2023

Shiba Inu (SHIB) 13% Price Increase: What's Next and New Target

Breaking: Binance drops trading fees to zero on 6 hot FDUSD pairs – Details

XRP Price Prediction – Key Upside Break Could Trigger Fresh Surge

Crypto Lobbying: A Growing Trend in the Industry

STX rallies 42% as social activity and OI soars

Which Altcoins Show Strong Fundamentals?

Join our free newsletter for daily crypto updates!